World Acceptance (NASDAQ:WRLD) Stock Passes Above 200-Day Moving Average – What’s Next?

World Acceptance Corporation (NASDAQ:WRLD) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $162.33 and traded as high as $194.92. World Acceptance shares last traded at $193.45, with a volume of 52,696 shares changing hands.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on WRLD. Wall Street Zen cut shares of World Acceptance from a “strong-buy” rating to a “buy” rating in a research report on Monday, August 10th. Weiss Ratings reissued a “hold (c)” rating on shares of World Acceptance in a research note on Wednesday, June 24th. Two analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the company presently has an average rating of “Hold”.

World Acceptance Stock Down 0.6%

The company has a market cap of $885.63 million, a PE ratio of 22.46 and a beta of 1.14. The company has a fifty day moving average of $193.55 and a two-hundred day moving average of $162.84. The company has a debt-to-equity ratio of 1.29, a quick ratio of 13.49 and a current ratio of 13.49.

World Acceptance (NASDAQ:WRLD) last posted its quarterly earnings data on Friday, July 24th. The credit services provider reported $2.12 earnings per share for the quarter, beating analysts’ consensus estimates of $0.58 by $1.54. The business had revenue of $127.79 million for the quarter, compared to analysts’ expectations of $143.90 million. World Acceptance had a net margin of 6.71% and a return on equity of 12.13%.

Insider Buying and Selling at World Acceptance

In other news, insider Prescott General Partners Llc sold 133,199 shares of the company’s stock in a transaction that occurred on Friday, August 14th. The stock was sold at an average price of $187.69, for a total transaction of $25,000,120.31. Following the transaction, the insider owned 31,148 shares of the company’s stock, valued at approximately $5,846,168.12. This represents a 81.05% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP Jason E. Childers sold 2,000 shares of the stock in a transaction that occurred on Wednesday, August 12th. The stock was sold at an average price of $190.74, for a total value of $381,480.00. Following the completion of the sale, the senior vice president owned 12,799 shares in the company, valued at approximately $2,441,281.26. The trade was a 13.51% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 142,505 shares of company stock valued at $26,860,290. 38.00% of the stock is owned by company insiders.

Institutional Trading of World Acceptance

A number of large investors have recently made changes to their positions in the stock. iSAM Funds UK Ltd bought a new stake in World Acceptance during the 3rd quarter valued at about $30,000. EverSource Wealth Advisors LLC boosted its position in World Acceptance by 102.4% in the 1st quarter. EverSource Wealth Advisors LLC now owns 255 shares of the credit services provider’s stock valued at $34,000 after buying an additional 129 shares during the period. Russell Investments Group Ltd. grew its stake in World Acceptance by 241.2% in the 3rd quarter. Russell Investments Group Ltd. now owns 331 shares of the credit services provider’s stock worth $56,000 after acquiring an additional 234 shares in the last quarter. Tower Research Capital LLC TRC grew its stake in World Acceptance by 103.2% in the 2nd quarter. Tower Research Capital LLC TRC now owns 569 shares of the credit services provider’s stock worth $94,000 after acquiring an additional 289 shares in the last quarter. Finally, GAMMA Investing LLC increased its position in shares of World Acceptance by 15.4% during the second quarter. GAMMA Investing LLC now owns 548 shares of the credit services provider’s stock worth $123,000 after acquiring an additional 73 shares during the period. 83.63% of the stock is owned by hedge funds and other institutional investors.

World Acceptance Company Profile

World Acceptance Corporation (NASDAQ: WRLD) is a consumer finance company headquartered in Greenville, South Carolina. Founded in 1972, the company provides credit solutions to underserved customers who may have limited access to traditional banking services. Over the decades, World Acceptance has built a reputation for tailored lending that emphasizes responsible underwriting and personalized customer service.

The company’s core product offerings include short-term installment loans designed to meet the immediate financial needs of its clients.